SAN DIEGO--(EON: Enhanced Online News)--Robbins
Geller Rudman & Dowd LLP (“Robbins Geller”) today announced that
a class action has been commenced on behalf of holders of FelCor Lodging
Trust Incorporated (“FelCor”) (NYSE:FCH) common stock on July 6, 2017.
This action was filed in the Northern District of Texas and is captioned Bagheri
v. FelCor Lodging Trust Incorporated, et al., No. 17-cv-1892.

If you wish to serve as lead plaintiff, you must move the Court no later
than 60 days from today. If you wish to discuss this action or have any
questions concerning this notice or your rights or interests, please
contact plaintiff’s counsel, Darren
Robbins of Robbins Geller at 800/449-4900 or 619/231-1058, or via
e-mail at djr@rgrdlaw.com. Any
member of the putative class may move the Court to serve as lead
plaintiff through counsel of their choice, or may choose to do nothing
and remain an absent class member.

The complaint charges FelCor, the members of its Board of Directors (the
“Board”), FelCor Lodging Limited Partnership, RLJ Lodging Trust (“RLJ”),
RLJ Lodging Trust, L.P., Rangers Sub I, LLC and Rangers Sub II, LP
(collectively, “defendants”) with violations of the Securities Exchange
Act of 1934 (“1934 Act”) in connection with the proposed acquisition of
FelCor by RLJ. FelCor is a Maryland real estate investment trust that
owns a diversified portfolio of primarily upscale and luxury hotels
located in major markets and resort locations throughout the United
States.

On April 24, 2017, FelCor and RLJ issued a joint press release
announcing they had entered into a definitive merger agreement pursuant
to which RLJ will acquire FelCor, and FelCor shareholders will receive
0.362 shares of RLJ common stock for each share of FelCor common stock
they own, which, based on RLJ’s stock price on April 21, 2017, the last
trading day before defendants announced the Proposed Transaction,
represented a value to FelCor shareholders of only $8.40 per share (the
“Merger Consideration”). However, since the value of the Merger
Consideration is tied to the value of RLJ’s stock and defendants failed
to negotiate and secure a “collar” in favor of FelCor’s shareholders,
the value implied by the Merger Consideration has decreased, and as of
July 5, 2017, the Merger Consideration represented a value of only $7.20
per share. The complaint alleges the Merger Consideration significantly
undervalues FelCor, as it fails to account for the Company’s intrinsic
value and projected growth potential.

In addition, the complaint alleges that on June 2, 2017, defendants
filed with the SEC a joint proxy statement/prospectus and registration
statement on Form S-4 (the “Joint Proxy”) to solicit shareholder
approval of the Proposed Transaction that omits material information
regarding the Proposed Transaction, which renders the statements in the
Joint Proxy materially false and misleading in violation of §14(a) of
the 1934 Act. According to the complaint, the Joint Proxy omits material
information regarding management’s financial projections for FelCor,
which were provided to and relied upon by the Board’s financial advisor
to support its fairness opinion. If disclosed, the omitted information
would significantly alter the total mix of information available to
FelCor shareholders in making their decision on whether to approve the
Proposed Transaction.

Finally, the complaint alleges that the Board, RLJ and its affiliated
entities had the ability to exercise control over, and did control, a
person or entity that violated §14(a) of the 1934 Act. As such, the
Board, RLJ and its affiliated entities violated §20(a) of the 1934 Act.

Plaintiff seeks injunctive relief and/or compensatory damages on behalf
of all shareholders of FelCor as of July 6, 2017 (the “Class”). The
plaintiff is represented by Robbins Geller, which has extensive
experience in prosecuting investor class actions including actions
involving financial fraud.

Robbins Geller is widely recognized as a leading law firm advising and
representing U.S. and international investors in securities litigation
and portfolio monitoring. With 200 lawyers in 10 offices, Robbins Geller
has obtained many of the largest securities class action recoveries in
history. For the third consecutive year, the Firm ranked first in both
the total amount recovered for investors and the number of shareholder
class action recoveries in ISS's SCAS Top 50 Report. Robbins Geller
attorneys have shaped the law in the areas of securities litigation and
shareholder rights and have recovered tens of billions of dollars on
behalf of the Firm’s clients. Robbins Geller not only secures recoveries
for defrauded investors, it also implements significant corporate
governance reforms, helping to improve the financial markets for
investors worldwide. Please visit http://www.rgrdlaw.com
for more information.

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